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BEIJING -- The State Council, China's Cabinet, released here Tuesday new regulations on overseas investment, promising good business conditions but restricting funds to environmentally unsound projects. According to the new regulations, China still welcomes foreign investment in high-tech industries, services sectors, energy-saving and environmental prot...
HONG KONG: Chinese dairy products maker Taizinai, which counts Goldman Sachs and Morgan Stanley among its investors and Citigroup among its lenders, has collapsed, leaving 3 billion yuan ($440 million) in debt, the South China Morning Post reported on Wednesday. Morgan Stanley, Goldman and private equity firm Actis Capital had paid $73 million for a 31 pe...
Soybean imports by China, the world's biggest consumer, will probably climb to the highest level for a single month in May after crushers increased buying, the China National Grain and Oils Information Center said. Inbound shipments may advance to as much as 5.5 million metric tons after 4.3 million tons in April, the state-owned market researcher said i...
Automaker aims to introduce 25 new or updated models over the next 20 months BEIJING: General Motors (GM), the largest foreign automaker in China, aims to sell more than 3 million cars in 2015 as it adds new models to keep up with demand. GM, which has maintained China's auto sales champion for five years, said on Monday it expects to sell 2 million ve...
Although China registered the first monthly trade deficit last month in six years, that would be temporary as the demand for imports is likely to ease with the expected moderation in domestic fixed asset investment, said an economist of JP Morgan Chase. "With an anticipated recovery in developed economies this year, Chinese exports should improve graduall...
BEIJING - China's foreign exchange reserves hit a new high of US$2.4471 trillion by the end of March, up 25.25 percent year on year, the People's Bank of China (PBOC), the central bank, announced Monday. China's foreign exchange reserves increased by US$47.9 billion in the first quarter, US$40.2 billion more than that of the same period last year, the ...
BEIJING: Canada is optimistic of achieving a breakthrough in its negotiations with China this year for sale of beef products, according to Gib Drury, chairman of Canada Beef Export Federation (CBEF). "The efforts made by us in this regard (beef exports) have been encouraging," Drury told China Daily in an interview yesterday in Beijing. "We expect to ma...
CALGARY, Canada – China's state-owned Sinopec plans to buy ConocoPhillips' stake in the huge Syncrude project in Canada's oil sands for $4.65 billion, marking one of the country's largest investments ever in North America. ConocoPhillips, the US-based oil major, said on Monday it will sell its 9.03 percent interest in the Syncrude Canada Ltd pro...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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